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Sunday, July 22, 2007

QPR Will Receive An Additional £750,000+ League Windfall?

-BBC - League gives 'solidarity package' The Premier League is to give more than £90m to the Football League over the next three seasons. Its 'solidarity package' will be distributed down the football pyramid, with £31.8m handed out next season. The funding includes £5.4m for Football League youth development, plus £11.2m to be split between Championship, League One and League Two clubs. Championship clubs will have an extra £11.2m or £22.4m in seasons with one or three spare parachute payments. This solidarity payment means that Football League clubs will have the ability to increase investment in critical areas such as youth development and community programmes Clubs in the second tier of English football will receive an extra £11.2million next season because Sunderland and Birmingham, who made an instant return to the Premier League, will no longer receive parachute payments. That leaves West Brom, Watford, Sheffield United and Charlton as the four parachute clubs. Last season's fifth-placed club, Wolves, will receive £1,383,602, with the sixth-placed club, Southampton, receiving around £75,000 less and so it will continue until the club in 13th place, Cardiff, who will receive £775,909. Clubs finishing 13th and below will all receive that amount. League One clubs will receive £103,480 each, with £68,987 going to League Two clubs. Premier League chief executive Richard Scudamore said: "The Premier League and our member clubs recognise the importance of the continued health of the professional game at all levels. "This solidarity payment means that Football League clubs will have the ability to increase investment in critical areas such as youth development and community programmes." The Premier League is set for a windfall of £2.7bn from its new television deals over the next three seasons. BBC

GUARDIAN "...At the moment, the basic award payment for each Championship club is £1m. Clubs in League 1 and 2 receive £375,000 and £265,000 each respectively. The exact amount each Championship club down to twelfth place will receive on top of the £1m now depends on final league position, and how many clubs 'bounce back' and so free up parachute payments, which are awarded for the two seasons following relegation if promotion is not won back to the Premier League. ".... Under the new scheme, Wolves, who finished fifth, would have received an extra £1,383,602, Southampton about £75,000 less and so on, until thirteenth-placed Cardiff and the clubs below, would be paid an extra £775,909. All clubs in League One would have been paid £103,480, and those in the basement division £68,987....Guardian

Premiership StatementPREMIER LEAGUE AGREE SOLIDARITY PAYMENTS

The Premier League have announced a solidarity package with The Football League worth potentially in excess of £90m over the next three seasons.This new mechanism ensures that a proportion of Premier League income is redistributed down the professional football pyramid. The extra funding structure will deliver in total £31.8m next season and includes: · £5.4m per season for Football League Youth Development; · £4m per season for Football League clubs’ community investment; · £11.2m per season solidarity payment to split amongst clubs in The Championship, League 1 and League 2 in line with The Football League’s regulations on financial distributions; · An extra £11.2m or £22.4m in seasons where there is either one or three ‘spare’ parachute payments - next season this amounts to £11.2m ......" Premiership

Football League Statement "Leagues Agree a £90 Million Solidarity Payment" - Football League